Question

Name any three fixed capital used in rural areas

Answer 1

Three fixed capital used in rural areas are land, plant and building.

These are the most common fixed capitals used in rural areas.

Most the people living in rural areas have huge lands which they use as fixed capital.

Framers mainly use lands or there plants or crops while landlords use buildings as there fixed capital.

Answer 2

Fixed capital is any kind of real, physical asset which is used in the production of a product however is not used up in the production.

EXPLANATION:  

• The investment in house construction and the purchase of productive fixed assets by people in rural areas.
• Land is the most crucial factor necessary for farm production, especially production of crops for producing food for human consumption and also the rearing of livestock  
• Fixed Assets such as machinery and equipment such as tractor, plough, planter, etc used in agriculture